Author: william-maddox
Pursuing debt relief prior to entering retirement
Upon closing in on the age of retirement, many individuals in Tennessee and elsewhere may consider it a priority to address outstanding financial obligations. However, with growing concerns such as credit card and medical debts, many older individuals may feel that cutting down on debt is challenging. While there may be a variety of outlets
Who has the most credit card debt?
Many people in Tennessee use credit cards for everything from daily purchases to emergency needs, such as medical bills. While many are able to manage their balances and make more than minimum payments each month, others may find they are not able to do this. Ultimately, credit card debt can lead to serious financial problems
When medical debt and credit card debt go hand in hand
When people have financial struggles, it is often for reasons beyond their control, such as a medical emergency or loss of a job. An unexpected illness or surgery can result in medical debt that a person cannot effectively manage on his or her own. As a result, a Tennessee adult may end up depending on
Is it possible to discharge student loan debt?
Massive student loan debt is one of the rising economic problems in the United States. This debt now totals over $1.6 trillion, and many politicians have looked for ways to relieve students of this burden. For the time being, this debt is merely a way of life for many people who just wanted a higher
Southerners carry a greater burden of credit card debt
Most people have credit cards, but many users are able to pay of balances each month or manage their balances to the point where they are not a problem. For many, particularly in the southern United States, credit card debt is unmanageable, leading to various types of financial struggles. Consumers in Tennessee may find that
Many people may need debt relief due to personal loans
People take on debt for many reasons, but it is often because they feel it is the only solution to their current situation. For example, Tennessee families may end up with a lot of medical debt because of an unexpected emergency. One of the fastest growing categories of debt in the United States is personal
Student loan debt and Chapter 7 bankruptcy
When a Tennessee consumer is overwhelmed by his or her financial responsibilities, it can lead to unpleasant consequences, such as wage garnishment and other debt collection efforts. Credit card debt and medical bills can lead to an unmanageable debt burden, as can student loan debt. Many people seek debt relief through Chapter 7 bankruptcy, but
Many consumers will go into 2020 seeking debt relief
The impact of owing a significant amount of debt can be significant. In addition to the stress that comes with bills are piling up and interest accumulating, many people also face the threat of losing personal property and calls from debt collectors. In fact, many Tennessee residents will start 2020 looking for effective debt relief
More people facing lawsuits as a result of their medical debt
Medical care is expensive, even for people who have health insurance. When a Tennessee resident goes in for surgery, needs diagnostic testing or has to visit the emergency room, he or she may find bills from the hospital or doctor in the mailbox a few weeks later. These bills can come as a surprise, leaving
Accumulating credit card debt during the holiday season
The holidays are fast approaching, which means many in Tennessee are getting ready to spend money on traveling, presents and other expenses that pop up during this time of year. Most people are not prepared to pay cash for all of their holiday purchases, which means that many will rely on credit cards to buy